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~$1.09 billion liquidated in 24 hours.

That's KuCoin's figure for the night of November 5–6. Almost all of it was in long positions: around $954M, according to Proactive. Bitcoin ~ $281M, Ethereum ~ $175M, Solana ~ $38M.

What happened overnight: the Nasdaq plunged 5.52%, the S&P 500 fell 4.36% — a tech/AI rout, with regulatory fears after Congress. Crypto followed. $BTC fell to around $76,088 (−5.49%), with a low of around $75,369 (Business Today). The rebound above $80,000 earlier in the week has been wiped out. $ETH suffered even more: ~$2,238 (−7.70%), with a low of around $2,217.

A liquidation is simple: an overleveraged position gets forcibly closed when the price moves against you. One bad day turns into a cascade.

Fear & Greed: 28. The day before, 50. We've gone from Neutral to Fear. Spot Bitcoin ETFs still saw net inflows of +$74.57M on November 4 — not enough to slow the wave.

Later today: nonfarm payrolls. Watch, don't predict.

My take: without leverage, a 5% drop hurts. With 10x or 20x leverage, it wipes you out. Not financial advice.

Sources: KuCoin Daily Market Report, Nov. 6; Business Today; Proactive / Benzinga.

Are you still watching leverage, or only whether $75,000 holds?

#CryptoNews #Bitcoin #Ethereum #Marche #Liquidation

According to Dow theory, the market makes higher and higher highs (uptrend) and lower and lower lows (downtrend)
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